PSEi dips on profit-taking

THE stock market closed lower on Friday as investors took profits following a two-straight day gain.

The bellwether Philippine Stock Exchange index (PSEi) dropped by 0.16 percent or 12.67 points to close at 8,141.82, while the broader All Shares declined by 0.27 percent or 13.27 points to end at 4,944.70.